Deluxe Dallas real estate project ’selling well’

Demand is reportedly high for a unique US real estate investment project still around a year away from its opening day. Tower residences at the Ritz-Carlton, Dallas, Texas are in high demand with only 34 of the 96 units still on the market.

The 23-storey regency-style tower is the second phase of high-rise residences to open within Uptown’s Ritz-Carlton neighbourhood, with phase one, directly above the hotel, already sold out. Developers Crescent said:

“Sales pace indicates buyers are encouraged by on-time construction progress and are moving to finalise purchases before possible construction-related cost increases.”

Prices range from $700,000 (£349,400) up to $8 million (£3.9 million) for the ‘ultra-luxury’ Ritz-Carlton concierge-serviced homes. According to Crescent, most Ritz-Carlton Dallas homeowners are ‘Dallasites’ of varying ages and professions, many of them aspiring to own a home designed by the renowned Robert A.M. Stern Architects.

Facilities include a huge onsite spa and a restaurant run by award-winning chef Dean Fearing. A resort-style outdoor pool also features as does a private fitness centre within the tower.